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BULGARIA IN FIGURES – 2016 EDITION
The Booklet has been compiled
by courtesy of:
National Statistical Institute,
Bulgarian National Bank and
InvestBulgaria Agency.
Dear business partners,
We present to your attention the seventh edition of the brochure
“Bulgaria in Figures” of the Bulgarian Chamber of Commerce
and Industry (BCCI). It contains economic information about
our country, with an emphasis on the unique achievements and
advantages for doing business in Bulgaria.
Bulgarian entrepreneurs surprised analysts by achieving higher
economic growth than forecasted, due to the intensified business
activity, and expansion and diversification of relations with our
partners.
PREPRESS: Vezni Ltd. E-mail: office@vezni.biz
As a member of the European Union, Bulgaria continues to be
among the leaders by low tax rates and public debt, competitive
operating costs and macroeconomic stability. Reforms in key
areas have been activated – healthcare, pension contributions,
education and judicial system.
As coordinator of the nationally representative employers’
organizations in 2016, BCCI continues to promote changes that
will result in improved business environment. We hope that all
social partners will do whatever it takes for our country to remain
a stable and attractive destination for business and tourism.
We will provide professional assistance to all companies seeking
business opportunities in Bulgaria. A brief reminder of our
services is available at the end of the brochure. We will be with
you and next to you as we have been for more than 120 years.
When using data from the Bulgarian Chamber of Commerce and
Industry’s publication, the source of information must be cited
obligatory. The information provided in this brochure was correct
at the time it went to press, April 2016.
Best regards,
Tsvetan Simeonov
BCCI President
1
BULGARIA IN FIGURES – 2016 EDITION
BULGARIA IN FIGURES – 2016 EDITION
REPUBLIC OF BULGARIA
Facts about Bulgaria
ааEU, NATO and WTO Membership
North Central region
North-West region
Montana
Veliko
Tarnovo
Lovech
Sofia (cap)
Kyustendil
Gabrovo
Dobrich
Razgrad
Ruse
Pleven
Vratsa
Pernik
North-East region
Silistra
Vidin
Shumen
Varna
Targovishte
Sliven
Sofia
Stara
Zagora
Plovdiv
Burgas
Yambol
Pazardzhik
Blagoevgrad
Haskovo
Smolyan
ааStability in financial environment: Bulgaria’s debt is the
third lowest in the EU 28 (27.6% of GDP) as of 2014
ааBusiness-friendly
taxation
Simple
and
low
ааCompetitive operational costs and competitive labour
level
Main indicators – actual data
South Central region
2011
2012
2013
2014
2015
40 954
41 693
41 911
42 750
44 162
GDP real growth rate (%)
1,8
0,6
0,9
1,7
3,0
Inflation (%)
4,2
3,0
0,9
-1,4
-0,1
Government deficit (% of GDP)
-2,0
-0,6
-0,8
-5,8
-2,9
Exports (mill. EUR)
20 264
20 770
22 271
22 105
23 248
Imports (mill. EUR)
GDP (mill. EUR)
General data
State government: Parliamentary Republic
Head of state: President
Head of government: Prime-Minister
Capital: Sofia
Area: 111 001.9 sq.km.
25 459
25 828
26 189
26 411
58,4
58,8
59,5
61,0
62,9
Unemployment rate (%)
11,3
12,3
12,9
11,4
9,1
Source: Eurostat, Bulgarian National Bank, National Statistical Institute
2016
2017
2018
2019
45 617
47 257
49 073
50 991
GDP (real growth rate %)
2,1
2,5
2,7
2,7
Exports (real growth rate %)
4,5
4,7
4,9
5,1
Imports (real growth rate %)
2,6
3,6
4,7
5,2
Average inflation rate (%)
-0,8
1,1
1,2
1,4
Unemployment rate (%)
8,6
7,9
7,4
7,1
GDP (mill. EUR)
Population: 7 153 784 persons as of 31.12.2015
Official language: Bulgarian
Religion: Mostly Eastern Orthodox Christians
National currency: LEV (BGN - fixed to the Euro,
1 EUR = 1.95583 BGN, since 1997)
23 406
Employment rate (%)
Macroeconomic forecast
Administrative and territorial division: 28 districts and
265 municipalities
2
environment:
South-East region
Kardzhali
South-West region
ааStrategic geographical location and openness to
foreign markets: crossroad between Europe, Asia and
Africa
Source: Ministry of Finance of the Republic of Bulgaria
3
BULGARIA IN FIGURES – 2016 EDITION
BULGARIA IN FIGURES – 2016 EDITION
BULGARIA IN THE
INTERNATIONAL RANKINGS
Did you know that Bulgaria…?
…is the SEVENTH fastest-growing economy
in 2015 in the EU.
…ranks FIRST in the world in the production
of lavender. For the past three years, our
country has managed to surpass France from
the first place and France is historically a
leader in this field.
…is THE BEST outsourcing destination in
Europe, according to Cushman & Wakefield’s
rating for 2015. In the world our country takes
the third place.
Bulgaria has competitive positions in the different
international indices. According to the following rankings
the country has the best performance in terms of lower
taxes, budget openness, globalization and peace.
i Additional information:
http://bcci.bg/resources/files/Rankings_Criteria.pdf
Position of Bulgaria in international rankings
67
Tax Misery & Reform Index 2009 7
…is the SECOND largest exporter of
sunflower seeds worldwide in 2014. Our
market share in the exports of this commodity
in the planet is 14.5%.
100
Open budget index 2015 18
207
Index of Globalization 2015 31
EuroHealth Consumer Index 2015 31 35
162
Global peace index 2015 32
…has accommodated about 50 companies
producing components and systems for
the global automotive industry. They are
making different types of auto parts for
brands like BMW, Mercedes, Audi, Ford, Volvo,
Peugeot, Renault, Dacia and others. In eight
of every ten cars in Europe, some of the
parts are produced in Bulgaria.
180
Environmental performance index 2016 33
189
Doing Business 2016 38
141
Global Innovation Index 2015 39
152
Economic Freedom of the World 2015 42
The Global Gender Gap Rankings 2015 43
145
Best Countries for Business 2015 45
144
167
Democracy Index 2015 46
160
Logistics performance Index 2014 47
Global competitiveness index 2015-2016 54
Country Attractiveness Index in the 54
Venture Capital & Private Equity 2015
World Competitiveness 2015 55
…ranks FOURTH among major European
cities in the group of the best investment
destinations in terms of cost efficiency
according to ranking of magazine fDi
Magazine of the most promising investment
destinations in Europe in 2016/2017.
…falls in the TOP 10 global destinations for
creating startup according to ranking of the
Swiss company “Seedstars World”, published
in 2015.
4
142
Prosperity Index 2015 51
Did you know that Sofia – capital of
Bulgaria…?
Human Development Index 2015
59
Index of Economic Freedom 2016
60
International Property Index 2015
68
Corruption perceptions index 2015
69
E–Government Development Index 2014
73
Freedom of the press 2015
75
Bulgaria's rank
144
120
61
188
178
129
168
193
199
0
50 100 150 200 250
Total number of ranked countries
Source: Respective websites
5
BULGARIA IN FIGURES – 2016 EDITION
BULGARIA IN FIGURES – 2016 EDITION
FOCUS ON TAXATION
Flat-tax system is introduced in Bulgaria - a single 10%
rate applied on personal income and a 10% rate applied
on corporate income (tax on corporate profits).
Value-added tax in Bulgaria is 20%, with the exception of
hotel services, where a reduced rate of 9% is applied.
Bulgaria is the second least tax burdened country in the
EU as of 2014: The overall tax-to-GDP ratio in Bulgaria is
27.8% for 2014, compared to an EU average of 40.0%.
Top statutory income tax rates and standard VAT rates
(2015), %
In Bulgaria taxpayers are released from payment of
corporate tax in regions with high unemployment
rates.
Bulgaria 10.010.0 20.0
Lithuania 15.0 15.0
In 2015 about 2/3 of municipalities 174 (of total 265
in Bulgaria) had 25% higher than the average rate of
unemployment for the country and there is 0% corporate
income tax.
Lom - Municipality
Kula
Lom
Valchedrum
Kozlodui
Oryahovo
Guliantzi
Mizia
Hairedin
Dolna
Byala
Boichinovtzi
Iskar Mitropolia
Slatina
Kneja
Borovan
Ivanovo
Brusartzi
Yakimovo
Ruzhentzi Medkovez
Montana
Chuprene
Chiprovtzi
Krivodol
Georgi Berkovitza
Damianovo
Varshetz
Vratza
Svoge
Dragoman
Kostinbrod
Slivnitza
Bojurishte
Pernik
Zemen
Kovachevtzi
Pleven
Yablanitza
Svishtov
Nikopol
Byala
Polski
Trambesh
Pavlikeni
Letnitza
Suhindol
Lovech
Ugarchin
Pravetz
Sevlievo
Troyan
Vyatovo
Strajitza
Gorna
Oryahovitza
Targovishte
Antonovo
Kazanluk
Pavel
Bnya
Kotel
Hisarya
Goze
Delchev
Sandanski
Satovcha
Banite
Smolyan
Madan
Rudozem
Kurdjali
Zlatograd
Kirkovo
6
22.0
Kavarna
Luxembourg
Varna
Malta
Avren
Dolni Chiflik
Slovenia
Byala
Nesebar
Karnobat
Burgas
Kameno
Sredetz
Sozopol
Primorsko
Bolyarovo
Malko
Tarnovo
12.5 19.0
25.0
22.0
32.0
19.0
20.0
23.0
20.0
Dalgopol
Straldja
35.0
21.0
27.0
12.5
Beloslav
Pomorie
19.0
20.6
48.0
Tzarevo
Krumovgrad
43.6
35.0
23.0
20.0
29.2
17.0
35.0
50.0
Croatia
47.2
Greece
48.0
18.0
17.0
22.0
20.0
25.0
29.0
23.0
Austria
50.0
25.0
Germany
47.5
30.2
19.0
25.0
21.0
Netherlands
Ivailovgrad
Municipalities with an unemployment rate
lower than the country’s average
Czech Republic
45.0
Madjarovo
Ardino
Momchilgrad
Djebel
Nedelino
20.0
Ireland
Aksakovo
Devnya
Aitos
Nova
Zagora
Borino
Dospat
Hadjidimovo
Vetrino
Suvorovo
Ruen
Sungurlare
Sliven
Shabla
Balchik
Vulchi Dol
Provadia
Tvarditza
Maglij
Nikolaevo
Radomir
Petrich
Kaspichan
Varbitza
Elena
Kyustendil
Strumyane
Shumen
General
Toshevo
Dobrich
Smyadovo
Yambol
Ihtiman
Brezovo
Stara Zagora
Strelcha
Kaloyanovo
Bratya
Samokov
Kostenetz
Bobov
Sapareva
Tundja
Daskalovi
Lesichevo
Radnevo
Dolna
Saedinenie
Dol
Banya
Rakovski
Bania
Septemvri
Dupnitza
Churpan
Opan
Maritza
Boboshevo
Elhovo
Pazardjik
Belovo
Galabovo
Rila
Plovdiv Sadovo
Kocherinovo
Topolovgrad
Perushtitza
Nevestino
Peshtera
Dimitrovgrad
Yakoruda
Krichim
Simeonovgrad
Rakitovo
Parvomai
Kuklen
Blagoevgrad
Bratzigovo
Velingrad
Mineralni
Rodopi
Harmanli
Asenovgrad
Belitza
bani
Razlog
Simitly
Haskovo
Svilengrad
Sarnitsa Batak
Devin
Lyubimetz
Laki
Bansko
Stambolovo
Chernoochene
Chepelare
Kresna
Garmen
Trekliano
Novi
Pazar
Veliki
Preslav
Omurtag
Dobrich region
Kaolinovo
Nikola
Venetz
Kozlevo
Hitrino
Loznitza
Tryavna
Gurkovo
21.0
United Kingdom
Krushari
Tervel
Isperih
Samuil
Popovo
Dryanovo
Alfatar
Dulovo
Zavet
Razgrad
Opaka
Koinardja
Sitovo
Glavinitza
Kubrat
Tzar Kaloyan
Dve
Mogili
Veliko Lyaskovetz
Tarnovo
Zlataritza
Gabrovo
Teteven
Etropole
Apriltzi
Gorna Chelopech Anton
Zlatitza
Malina
Sopot
Pirdop
Mirkovo
Elin Pelin
Karlovo
Chavdar
Koprivshtitza
Panagyurishte
Tzenovo
Levski
Pordim
Botevgrad
Sofia region
Sofia-city
Breznik
Dolnu
Dabnik
Lukovit
Roman
Mezdra
Godech
Trun
Cherven
Bryag
Borovo
Belene
15.0
20.0
Poland
Silistra
Tutrakan
Slivo
Pole
Ruse
Gramada
Makresh
Dimovo
Belogradchik
23.0
20.0
Slovakia
Vidin - Region center
Vidin
Boinitza
Latvia
Cyprus
UNEMPLOYMENT RATE BY MUNICIPALITIES
24.0
Estonia
Hungary 16.0
Unemployment by municipalities
Novo Selo
Bregovo
21.0
Romania 16.0 16.0
52.0
Finland
51.6
Italy
48.9
Spain
46.0
20.0
20.0
24.0
31.4
28.0
22.0
21.0
Municipalities with an unemployment rate equal
to or higher than the country’s average (Art. 3,
(8) RAIPA)
Sweden
57.0
22.0
25.0
Denmark
55.8
23.5
25.0
38.0
20.0
Belgium
53.8
34.0
21.0
Municipalities with an unemployment rate 25% higher
than the country’s average (Art. 183, (1) CITA;
Art. 3, (8) RAIPA)
Portugal
56.5
29.5
23.0
Source: InvestBulgaria Agency
France
50.3
Tax on personal income
Tax on corporate income
VAT (standard rates)
Source: Eurostat
7
BULGARIA IN FIGURES – 2016 EDITION
BULGARIA IN FIGURES – 2016 EDITION
GROSS DOMESTIC PRODUCT
In the recent years the Bulgarian economy has been
growing steadily, with higher rates than the EU average.
Over 2015 economic activity in Bulgaria accelerated
significantly, and real GDP growth is expected to reach
about 3%.
In 2015 the GDP growth was higher than initially expected,
supported by strong exports to the EU countries,
increasing of investments and improved implementation
of EU-funded projects.
Real GDP growth rate
8
% change compared to
the previous year
6
4
2
0
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
-2
-4
-6
-8
Bulgaria
European Union 28
Source: Eurostat
Over the past five years the GDP per employed has grown.
The main factor of growth has been the increasе of Gross
Value Added in the economy, especially perceivable in 2015.
GDP per employed
current prices, EUR
15000
11 620
12 133
12 249
12 449
12 815
10000
Gross Domestic Product and Gross Value Added by
economic sectors and economic activity groupings at
current year prices
Million EUR
Economic sectors and
economic activity
groupings
2011
2012
2013
2014
2015*
Agriculture, forestry and
fishing
1 896
1 913
1 927
1 955
1 939
Mining, quarrying and
manufacturing
8 310
8 516
8 194
8 437
8 663
Construction
2 295
2 116
1 749
1 649
1 757
Wholesale and retail trade
7 109
7 167
7 664
7 917
7 931
Information and
communication
1 926
1 855
2 034
2 064
2 030
Financial and insurance
activities
2 965
2 748
2 549
2 680
2 902
Real estate activities
4 168
4 177
4 120
3 830
3 974
Professional, scientific
and technical activities;
administrative and support
service activities
1 941
2 145
2 024
2 110
2 132
Public administration and
defence; compulsory social
security; education; human
health and social work
activities
4 325
4 481
4 897
5 534
5 463
Arts, entertainment
and recreation, repair of
household goods and other
services
838
865
925
949
944
35 773
35 982
36 085
37 124
37 736
5 182
5 710
5 826
5 626
6 426
40 954
41 693
41 911
42 750
44 162
Gross Value Added
5000
0
2011
* Preliminary data
8
Adjustments (taxes less
subsidies on products )
2012
2013*
2014*
2015*
Source: National Statistical Institute,
Bulgarian Chamber of Commerce and Industry
Gross Domestic Product
* Preliminary data
Source: National Statistical Institute,
Bulgarian Chamber of Commerce and Industry
9
BULGARIA IN FIGURES – 2016 EDITION
BULGARIA IN FIGURES – 2016 EDITION
In 2015 Real estate activities, Mining, quarrying and
manufacturing, Information and communication services
posted the most significant growth in gross value added
compared to 2014.
The sectors that reported the largest contribution to
GDP in 2015 (share of 44%) were Mining, quarrying and
manufacturing and Wholesale and retail trade.
The relative share of industry in the GVA of the national
economy is 28% which is 0.4 percentage points more than
those in 2014. The services sector creates 67% of the total
GVA and agriculture - 5%.
Structure of Gross Value Added by economic sectors
and economic activity groupings in 2015
5.6%
Professional, scientific and technical
activities; administrative and support
service activities
10.5%
Real estate activities
7.7%
Financial and
insurance activities
5.4%
Information and
communication
5.1%
Agriculture, forestry
and fishing
14.5%
Public administration and defence;
compulsory social security;
education; human health and
social work activities
23.0%
Mining, quarrying
and manufacturing
4.7%
Construction
2.5%
Arts, entertainment
and recreation, repair
of household goods
and other services
EXPORT
Exports have made strong contribution to GDP. The
exportation of goods has been the main driver of the
economic growth in recent years.
Despite volatility in the world economic environment
Bulgaria’s export of goods and services picked up
significantly.
Exports (FOB) in 2015 amounted to EUR 23.2 billion.
In 2015 compared to a year earlier the exportation of
investment goods increased by 16% and for consumer
goods the growth was 7%.
In 2015 the exportation of Bulgaria to the EU Member
States reported 8% increase compared to 2014, although
the dynamics in global prices limited nominal growth of
international trade flows.
In 2015 Bulgarian exports to the other countries remained
at the same lavel as 2014. Retaining their competitive
positions, the Bulgarian exporting companies have
a potential to expand their market share throughout
various regions (euro area and other countries).
Exports by years
25000
20000
21.0%
Wholesale and
retail trade
20 770
2011
2012
22 271
22 105
15000
10000
5000
Source: National Statistical Institute, Bulgarian Chamber of Commerce and Industry
0
10
20 264
Мillion EUR
23 248
2013
2014
2015
Source: Bulgarian National Bank
11
BULGARIA IN FIGURES – 2016 EDITION
BULGARIA IN FIGURES – 2016 EDITION
Exports by commodity groups
Structure of exports by commodity groups in 2015
Million EUR
Years
2011
2012
2013
2014
2015
Consumer goods
11.0%
Еnergy commodities
0.2%
Other Exports
4 506
4 822
5 212
5 736
6 153
Food
903
990
1 089
1 197
1 331
Tobacco
153
216
215
226
208
90
100
101
85
92
1 525
1 456
1 554
1 609
1 593
Medicines and cosmetics
636
701
803
929
984
Furniture and household
appliances
655
748
775
880
1 004
Others
544
611
674
810
941
Raw materials
9 403
8 966
9 679
9 121
9 483
Iron and steel
900
720
618
549
411
2 486
2 292
2 408
2 231
2 306
Chemicals
325
346
311
335
379
Plastics and rubber
505
551
658
718
813
Fertilizers
200
203
169
192
238
Textiles
397
372
400
423
483
Raw materials for the
food industry
1 835
1 733
2 310
1 844
1 788
Wood products, paper
and paperboard
387
403
440
475
494
Exports to the TOP 10 Bulgarian trade partner
countries in 2015
14
28
22
17
24
Million EUR
Beverages
Clothing and footwear
Non-ferrous metals
Cement
Raw tobacco
Others
Investment goods
165
132
168
133
129
2 189
2 186
2 176
2 205
2 419
3 533
3 493
3 970
4 302
5 008
Machines and equipment
952
1 002
1 142
1 209
1 283
Electrical machines
551
454
548
502
588
Vehicles
391
372
410
410
480
Spare parts and equipment
766
860
1 062
1 149
1 298
Others
872
805
808
1 032
1 359
17 442
17 281
18 861
19 160
20 644
Еnergy commodities
2 815
3 481
3 385
2 911
2 563
Petroleum products
2 226
2 928
2 904
2 369
1 910
589
553
481
543
653
Total non energy
commodities
Others
Other Exports
TOTAL EXPORTS /FOB/
12
8
8
26
34
42
20 264
20 770
22 271
22 105
23 248
26.5%
Consumer goods
21.5%
Investment goods
40.8%
Raw materials
Germany
Italy
Turkey
Romania
Greece
France
Belgium
United Kingdom
China
Netherlands
Source: Bulgarian National Bank
2 893
2 136
2 008
1 893
976
854
0
587
551
540
500
1000
1 511
1500
2000
2500
3000
3500
Source: Bulgarian National Bank
Source: Bulgarian National Bank
13
BULGARIA IN FIGURES – 2016 EDITION
BULGARIA IN FIGURES – 2016 EDITION
IMPORT
Imports by commodity groups
In the recent years dynamics of imports as well as exports
amendment have reported an increase. According to the
balance of payments data, at the end of 2015 imports
reached EUR 26.4 billion. The rate of growth in import was
0.8% in nominal terms compared to a year earlier.
Years
Consumer goods
Food, drinks and tobacco
Furniture and household
appliances
Medicines and cosmetics
Clothing and footwear
Automobiles
Others
Raw materials
Ores
Iron and steel
Non-ferrous metals
Textiles
Wood products, paper
and paperboard
Chemicals
Plastics and rubber
Raw materials for the
food industry
Raw skins
Raw tobacco
Others
Investment goods
Machines and equipment
Electrical machines
Vehicles
Spare parts and equipment
Others
Total non energy
commodities
Еnergy commodities
Crude oil and Natural gas
Coal
Others
Oils
Electricity
Other Imports
TOTAL IMPORTS /CIF/
Between January and December 2015 imports of
Consumer goods posted the most significant increase –
9% compared to the corresponding period of the previous
year. With the highest rate in this commodity group was
import of automobiles – 17% growth.
Imports of energy resources registered a downward
turn due to due to falling international prices of energy
resources, while physical volumes increased compared to
2014.
In 2015 imports of goods from EU Member States
increased by 5.7%. On the other hand, imports from nonEU countries over the review period went down by 3.6%.
Imports by years
Мillion EUR
30000
25000
23 406
25 459
25 828
2012
2013
26 189
26 411
20000
15000
10000
5000
0
2011
2014
2015
Source: Bulgarian National Bank
14
Million EUR
2011
4 230
1 382
640
2012
4 407
1 509
641
2013
4 770
1 546
706
2014
5 114
1 601
745
2015
5 595
1 756
798
912
465
237
594
8 774
1 489
961
689
1 090
423
941
481
235
601
8 756
1 381
823
718
1 062
448
1 026
531
288
674
9 138
1 608
822
712
1 118
451
1 132
597
317
723
9 071
1 334
770
687
1 177
473
1 222
629
372
818
9 741
1 388
830
711
1 191
512
463
1 120
573
505
1 203
563
518
1 301
596
566
1 381
558
642
1 472
673
97
103
1 768
4 980
1 570
779
861
1 075
696
17 984
106
118
1 830
5 823
1 710
819
1 024
1 407
863
18 986
89
133
1 789
5 768
2 058
801
1 033
963
912
19 676
97
115
1 914
6 576
2 167
896
1 146
1 004
1 363
20 762
103
80
2 141
6 733
2 256
978
1 279
1 074
1 147
22 069
5 366
3 831
304
44
1 187
0
56
23 406
6 421
4 792
226
163
1 240
0
52
25 459
6 037
4 345
139
162
1 391
0
115
25 828
5 241
3 574
147
125
1 395
0
123
26 126
4 213
2 967
102
192
952
0
129
26 411
Source: Bulgarian National Bank
15
BULGARIA IN FIGURES – 2016 EDITION
BULGARIA IN FIGURES – 2016 EDITION
FOREIGN DIRECT
INVESTMENТ
Structure of imports by commodity groups in 2015
Million EUR
16.0%
Еnergy commodities
0.5%
Other Imports
21.2%
Consumer goods
Foreign direct investment in Bulgaria reached EUR 1.6
billion in 2015, which equates to a 23% increase compared
to 2014.
The composition of FDI by country in 2015 suggests that
foreign direct investment attracted from the Netherlands
(EUR 903 million), Germany (EUR 176 million) and Norway
(EUR 110 million) accounted for the largest shares.
Foreign direct investment flows in Bulgaria by years
25.5%
Investment goods
Million EUR
2500
2 119
36.9%
Raw materials
2000
1 593
1500
Source: Bulgarian National Bank
1 321
1 384
2012
2013
1 339
1000
500
Imports from the TOP 10 Bulgarian trade partner
countries in 2015
0
Million EUR
3 193
3 076
Russian Federation
Germany
Italy
China
Turkey
Romania
Greece
Poland
France
Czech Republic
1 438
1 404
1 059
861
855
571
1000
Million EUR
2000
3000
4000
Source: Bulgarian National Bank
903
Netherlands
Germany
Norway
Austria
Italy
Russian Federation
Cyprus
Malta
Luxembourg
Belgium
176
110
96
57
56
56
43
30
29
0
16
2014
2015
Source: Bulgarian National Bank
Foreign direct investment flows in Bulgaria - TOP 10
countries in 2015
1 963
1 915
0
2011
200
400
600
800
1000
Source: Bulgarian National Bank
17
BULGARIA IN FIGURES – 2016 EDITION
BULGARIA IN FIGURES – 2016 EDITION
Foreign direct investment flows in Bulgaria by
economic activity
According to data from balance of payment, Financial
intermediation and Manufacturing attracted about half of
FDI flows in 2015.
Year – Million EUR
2015
Total FDI flows
1 593
Agriculture, forestry and fishing
-44
Mining and quarrying
-34
Manufacturing
406
Electricity, gas, steam and air conditioning supply
49
Water supply; sewerage, waste management and remediation activities
5
Construction
74
Wholesale and retail trade; repair of motor vehicles and motorcycles
296
Transportation and storage
2
Accommodation and food service activities
5
Information and communication
68
Financial and insurance activities
442
Real estate activities
62
Professional, scientific and technical activities
31
Administrative and support service activities
22
Education
0
Human health and social work activities
1
Arts, entertainment and recreation
3
Other service activities
1
Not allocated
208
Source: Bulgarian National Bank
TOURISM
Tourism plays an important role in Bulgaria because of its
economic, social and employment potential. The number
of international tourists has been growing rapidly, with
the exception of 2015. The small decline was mainly due
to a lower number of visits from Russia and Germany.
In 2015 Bulgaria was visited by 7.1 million tourists.
Foreign tourists in Bulgaria
8000
6 328
6 541
6 897
7 311
TOP 10 countries ranked by number of tourists in
Bulgaria for 2015
Thousand
987
973
Romania
Greece
Germany
Turkey
Russia
Macedonia
Serbia
Poland
United Kingdom
Ukraine
623
519
484
473
346
261
244
241
0
200
400
600
800
1000
1200
Source: Ministry of Economy of the Republic of Bulgaria
Тhe ranking by number of tourists for 2015 is headed by
Romania with 987 tousand tourists, followed by Greece
with 973 thousand tourists and by Germany with 623
tousand tourists.
According to data from balance of payment, in 2015 the
revenue from international tourism in Bulgaria exceeded
EUR 2.9 billion.
Revenue from international tourism in Bulgaria
Million EUR
3000
Thousand
7 099
2 721
2 787
2011
2012
2 925
2 980
2 873
2013
2014
2015
2000
6000
1000
4000
0
2000
0
18
2011
Source: Ministry of Economy of the Republic of Bulgaria
2012
2013
2014
2015
Source: Ministry of Economy of the Republic of Bulgaria
19
BULGARIA IN FIGURES – 2016 EDITION
BULGARIA IN FIGURES – 2016 EDITION
CONSUMER PRICES
LABOUR MARKET
Consumer price indices and annual
inflation
Labour force
Annual inflation was negative in 2015 and amounted to -0.1
%. This was mainly a result of the decline in international
oil prices which contributed to the significant reduction
of transport fuel prices, as well as of some administratively
controlled prices.The health services and the communications
also had essential role for the descending trend in inflation.
Consumer price index (annual average inflation rates - %)
6
4
previous year=100
4.2
3.0
2
0
0.9
2011
2012
-1.4
2014
2013
-2
-0.1
2015
Source: National Statistical Institute
Annual average consumer price index by main
categories (annual average inflation rates - %)
Main categories
Average consumer price index (CPI)
Food and non-alcoholic beverages
Alciholic beverages and tobacco
Clothing and footwear
Housing, water, electricity, gas and
other fuels
Furnishings, household equipment
and routine household maintenance
Health
Transport
Communication
Recreation and culture
Education
Restaurants and hotels
Miscellaneous goods and service
20
previous year=100
2013 2014 2015
0,9 -1,4 -0,1
2,8
-1,0
0,3
0,8
1,1
0,8
-0,3
-1,1
0,6
-0,6
-2,0
3,4
According to the latest statistics, in 2015 the labour force in
Bulgaria consisted of 3.3 million people – 53% men and 47%
women.
Most of the labour force (87%) has completed some forms of
higher or upper secondary education.
Labour force
Thousand
2011
2012
2013
2014
2015
Total
3 341
3 344
3 371
3 366
3 337
By sex
Male
1 786
1 783
1 797
1 799
1 782
Female
1 555
1 562
1 575
1 567
1 555
By level of education
Higher
874
890
948
997
1 018
Upper secondary
2 006
2 011
1 986
1 907
1 890
Lower secondary
397
382
370
391
364
Primary or lower
65
63
67
71
65
Source: National Statistical Institute
Employment
In 2015 the trend of increasing employment, which started in
2014 countinued with more significant results. The growth of
the economic activity and demand for employees by companies
have been the main factors for labour market recovery.
2011
4,2
6,9
5,2
2,0
2,2
2012
3,0
3,0
0,1
-0,2
7,4
-0,1
-0,5
0,1
-1,1
-0,4
Employment rate (15-64 years), %
2011
58,4
2012
58,8
2,3
8,2
-0,9
-1,9
2,6
2,7
3,0
1,1
5,7
-0,8
-2,6
6,3
3,0
1,3
-2,5
-0,6
0,0
-1,4
3,0
3,6
0,7
-3,4
-3,4
-3,5
-0,7
1,7
1,2
-0,2
-1,6
-9,1
-3,1
2,8
2,7
1,1
-0,2
Total employment
Employees in private enterprises
Employees in public enterprises
Self-employed
Employers
Unpaid family workers
2 965
1 894
713
221
108
30
2 934
1 873
722
211
105
25
Source: National Statistical Institute
The number of employees reached over 3 million people in
2015.
Employment
*Preliminary data
2013
59,5
Thousand
2 935
1 859
719
222
115
20
2014
61,0
2015*
62,9
2 981
1 904
706
238
114
21
3 032
1 968
699
237
108
20
Source: National Statistical Institute
21
BULGARIA IN FIGURES – 2016 EDITION
BULGARIA IN FIGURES – 2016 EDITION
Unemployment
In 2015 unemployment rate continued to decrease,
reaching 9.1 %, which is the lowest level for 6 years.
Unemployment
BULGARIAN CHAMBER OF
COMMERCE AND INDUSTRY
15
11.3
12.3
12.9
11.4
10
9.1
Established in 1895
5
0
2011
*Preliminary data
2012
2013
2014
2015*
Source: National Statistical Institute
Average monthly salary
In 2015, average hourly labour costs recorded in Bulgaria
(€4.1), which were more than 6 times lower than the EU
average (€25.0).
In 2015 the average monthly wage per employee in
Bulgaria amounted to EUR 457, increased in nominal
terms by 8.7%. The employer pays social security and
health costs for employees of 17.8% on top of their salary.
Average monthly salary
EUR
500
400
351
374
396
420
457
300
200
The 28 Regional Chamber of Commerce and Industry
http://www.bcci.bg/chambres-en.html
Bulgarian Chamber of Commerce and Industry
9 Iskar str., 1058 Sofia, Bulgaria
Tel.: (+359 2) 8117 400
100
Fax: (+359 2) 987 32 09
0
Web site: www.bcci.bg
2011
2012
2013
2014
2015*
Source: National Statistical Institute, Bulgarian Chamber of Commerce and Industry
22
E-mail: bcci@bcci.bg
23
BULGARIA IN FIGURES – 2016 EDITION
BULGARIA IN FIGURES – 2016 EDITION
BULGARIAN CHAMBER OF COMMERCE AND
INDUSTRY – THIRD CENTURY IN BENEFIT OF
TRADE AND INDUSTRY
Structures and services
аа The BCCI is the leading employers’ association in Bulgaria –
comprising of over 53 000 members.
аа It’s an independent, non-profit NGO that supports, promotes
and represents the interests of its members and contributes
to the development of international economic cooperation.
аа The BCCI is based on the principles of voluntary membership,
autonomy and self-financing and seeks to establish ethical
and socially responsible relationships in business.
аа BCCI contributes to the creation of a more favourable business
environment and dedicates many efforts to the promotion
and support of entrepreneurship and innovation initiatives.
аа In 2016 the BCCI is a coordinator of the Association of the
Organizations of Bulgarian Employers (AOBE) – a free union of
the employers’ organizations that are officially acknowledged
as representative according to the operating legislation.
аа The BCCI is a regular member of the International
Chamber of Commerce (ICC), World Chambers Federation
(WCF), Association of European Chambers of Commerce
(Eurochambres), World Trade Centers Association (WTCA),
Association of the Balkan Chambers (ABC), Regional
Cooperation Council, International Council on Cooperation,
BSEC Business Council, Central European Initiative (CEI), GS1
International Association, Enterprise Europe Network (EEN).
аа The BCCI participates in over 306 public-private bodies and
over 10 Joint Chambers of Commerce and Councils.
аа 28 Regional Chambers of Commerce and Industry are united in the
Unified System of Bulgarian Chambers of Commerce and Industry.
аа The 105 Sectorial Organizations are united in a Council of
Sectorial Organizations at the BCCI.
аа At BCCI operates Arbitration Court.
аа BCCI is a universal organization in which all members are
companies from sectors and of different sizes, which comply with
Code of Business Ethics.
аа BCCI serves all companies, regardless of their status.
Contribution of BCCI’s members to the Bulgarian economy,
2015 (%)
national level=100
National export of good
58.41
100
and services
Export by BCCI's members
Gross domestic product
38.14
in the country Gross domestic product of
100
the BCCI's members
Persons employed
50.42
with labor contract Persons employed with labor contract
in the country at BCCI's members
0
24
20
40
60
100
80
TRADE REGISTER AND MEMBERSHIP DIRECTORATE
i Additional information:
http://www.bcci.bg/trade-reg-services.html
Main activities:
1. Trade Register Services
аа Registration in the Unified voluntary trade register of the
BCCI – over 53 000 companies and organizations and
other legal subjects;
аа Obligatory registration of commercial representative
offices of foreign persons in Bulgaria;
аа Maintenance and updating of the information on file
subject to registration;
аа Issuing of certificates and references in Bulgarian and
foreign languages for the status and financial condition
of the registered legal subjects;
аа Providing oral and written references in Bulgarian and
foreign languages with data about the registered legal
subjects.
2. Membership with BCCI.
3. Issuance and validation of documents:
аа Certificates of origin of goods;
аа Validation of signatures.
4. Issuance and validation of ATA Carnets.
5. Issuance of Force-Majeure Certificates.
6.Assistance for validation of invitation-declarations for
business trips of foreigners to the Republic of Bulgaria.
7. Assitance in obtaining information about the existence and
current status of foreign companies.
8.Obtaining a qualified electronic signature certificate to
physical persons and legal entities respectively StampIT Doc
and StampIT DocPro.
9. Excellent SME certificate.
10.General Average Adjusters’ Office.
11.Carrying out coordination and keeping constant relations
with the 28 Regional Chambers of Commerce and Industry
(RCCI).
12.Carrying out coordination with the sectorial organizations
members of the Council of Sectorial Organisations with the
BCCI.
For Contacts: Zdravka Georgieva, Director
Tel.: (+359 2) 987 88 84, 8117 476
Fax: (+359 2) 987 32 09
E-mail: z.georgieva@bcci.bg
100
Source: National Statistical Institute,Bulgarian Chamber of Commerce and Industry
25
BULGARIA IN FIGURES – 2016 EDITION
EUROPEAN INTEGRATION AND EUROPEAN PROJECTS
DIRECTORATE
i Additional information:
http://www.bcci.bg/projectsBCCI.htm
http://www.bcci.bg/seminars-en.html
http://www.bcci.bg/en-een.html
http://www.bcci.bg/economic-analyses-en.html
Main activities:
1. Participation in EU funded projects.
2. Enhancing the BCCI’s capacity to manage activities under EU
programmes.
3. Supporting the development and strengthening of the SMEs.
4.Enterprise Europe Network is the largest information and
consulting network in the world that helps SMEs to take
advantage of business opportunities in the EU single market,
to increase their competitiveness in Europe and find reliable
technology, business and project partners.
5. Business research inquiries at a request of the customers.
6. Economic analyses by sectors.
7. Database references about the financial results of a company
or a group of companies.
8. Annual classification TOP 100 – The leading companies in the
Bulgarian economy.
9.Provision of information based on the annual financial
statements of the companies.
10.Publication of annual financial statements.
For Contacts: Mariana Tancheva, Director
Tel.: (02) 988 34 82; 8117 508, Fax: (02) 987 32 09
E-mail: mtancheva@bcci.bg
INTERNATIONAL COOPERATION AND INTERNATIONAL
ORGANIZATIONS DIRECTORATE
i Additional information:
http://www.bcci.bg/business-delegations-en.html
http://www.bcci.bg/seminars-en.html
http://www.bcci.bg/company-presentation.html
Main activities:
1. Assistance for establishing business contacts with partners
from all over the word.
2.Organizing workshops and seminars with Bulgarian and
foreign lecturers for entrepreneurs.
3. Organizing business missions abroad and business forums
and events in Bulgaria.
For Contacts: Gabriela Dimitrova, Director
Tel.: (02) 987 25 38; 8117 489, Fax: (02) 987 32 09
E-mail: interdpt@bcci.bg, G.Dimitrova@bcci.bg
26
BULGARIA IN FIGURES – 2016 EDITION
ARBITRAТION COURT AT BCCI
i Additional information:
http://www.bcci.bg/arbitration/index.html
1.Out-of-court tribunal institution for fast and efficient
settlement of private law property disputes.
2. Four times lower taxes for big claims in comparison with the
taxes, applied by public court.
3. Possibility to include foreign arbitrators, if the company has
more than 50% foreign capital.
4. 98% of the cases are solved within 12 months period.
5. Possibility to involve private law enforcement agents.
Arbitration Clause, recommended by the BCCI:
“Any disputes arising from this contract or concerning it,
including disputes arising from or concerning its interpretation,
invalidity, non-performance of termination, as well as disputes
about filling gaps in a contract or its adaption to newly arisen
circumstances, shall be settled by the Arbitration Court at the
Bulgarian Chamber of Commerce and Industry in accordance
with its Rules for cases based on Arbitration Agreements.”
For Contacts: Christian Takoff, President
Lyubka Vassileva, Secretary of the Arbitration Court
Tel.: (+359 2) 8117 434, (+359 2) 8117 560,
Fax: (+359 2) 987 32 09
E-mail: acourt@bcci.bg
GS1 BULGARIA
i Additional information:
http://www.gs1bg.org
GS1 is a leading global organisation dedicated to the design and
implementation of global standards and solutions to improve efficiency
and visibility in supply and demand chains globally and across sectors.
For Contacts: Tzveta Bratanova, CEO
Tel.: (+359 2) 8117 604
E-mail: gs1bulgaria@gs1bg.org
BCCI – CENTRE FOR VOCATIONAL TRAINING, TRANSLATIONS,
CONSULTATIONS AND COMPANY SERVICES EOOD
i Additional information:
http://www.bcci.bg/consultations-en.html
Main activities:
1. Consultations on economic activity; legal issues; projects for
financing; marketing research; tax issues.
2. Filling in/elaboration of commercial documents.
3. Translation / interpretation services.
4.Training.
5. Fairs and Exhibitions.
For Contacts: Margarita Damyanova
Tel.: (+359 2) 8117 477, Fax: (+359 2) 987 32 09
E-mail: M.Damyanova@bcci.bg
27
BULGARIA IN FIGURES – 2016 EDITION
INDUSTRIAL ZONES
i Additional information:
http://www.bcci.bg/zones/
INDUSTRIAL PARK – STRIMON, Simitli
INDUSTRIAL AND BUSINESS PARK AITOS, Aitos
BURGAS INDUSTRIAL ZONE, Bugras
INDUSTRIAL ZONE “MEDEN RUDNIK”, Burgas
INDUSTRIAL ZONE “POBEDA”, Burgas
INDUSTRIAL ZONE “NORTH”, Burgas
INDUSTRIAL ZONE “SOUTH”, Burgas
BALGAROVO INDUSTRIAL ZONE, Balgaravo
DOBRICH BUSINESS ZONE, Dobrich
INDUSTRIAL ZONE “NORTH”, Dobrich
INDUSTRIAL ZONE “WEST”, Dobrich
GENERAL TOSHEVO INDUSTRIAL ZONE, General Toshevo
GABROVO INDUSTRIAL ZONE, Gabrovo
DIMITROVGRAD INDUSTRIAL ZONE, Dimitrovgrad
FREE ZONE - SVILENGRAD, Svilengrad
SVILENGRAD INDUSTRIAL ZONE, Svilengrad
INDUSTRIAL ZONE KARDZHALI - SOUTH, Kardzhali
LETNITSA INDUSTRIAL ZONE, Letnitsa
TROYAN INDUSTRIAL ZONE, Troyan
TECHNOLOGY PARK, Montana
INDUSTRIAL PARK - PAZARDZHIK, Septemvri
INDUSTRIAL ZONE, Pernik
INDUSTRIAL PARK PERNIK - EAST, Pernik
INDUSTRIAL ZONE PERNIK, Pernik
INDUSTRIAL ZONE DOLNA MITROPOLIA, Dolna Mitropolia
INDUSTRIAL ZONE - PLEVEN, Pleven
TELISH (PLEVEN) INDUSTRIAL ZONE, Telish
INDUSTRIAL PARK RHODOPES, Plovdiv
KRUMOVO LOGISTICS ZONE, Plovdiv
ASSENOVGRAD INDUSTRIAL ZONE, Asenovgrad
MARITSA INDUSTRIAL AND COMMERCIAL ZONE, Plovdiv
NORTH INDUSTRIAL ZONE, Plovdiv
PLOVDIV FREE ZONE, Plovdiv
KALOYANOVO INDUSTRIAL ZONE, Kaloyanovo
INDUSTRIAL AND COMMERCIAL ZONE KARADZHALOVO, Karadzhalovo
KUKLEN INDUSTRIAL AND COMMERCIAL ZONE, Kuklen
RAKOVSKI INDUSTRIAL ZONE, Stryama
BUSINESS ZONE “PERISTAR” - RAZGRAD, Razgrad
RUSE EAST INDUSTRIAL PARK, Ruse
INDUSTRIAL PARK RUSE, Ruse
IVANOVO INDUSTRIAL ZONE, Shtraklevo
KASPICHAN INDUSTRIAL ZONE, Kaspichan
SHUMEN INDUSTRIAL PARK, Shumen
DANUBE INDUSTRIAL PARK, Silistra
TCHAVDAR PARK BOTEVGRAD, Botevgrad
INDUSTRIAL PARK SOFIA, Sofia
INDUSTRIAL PARK SOFIA EAST, Elin Pelin
SAMOKOV INDUSTRIAL ZONE, Samokov
INDUSTRIAL PARK PROMOEST BULGARIA, Sofia
INDUSTRIAL PARK WEST, Sofia
ELIN PELIN INDUSTRIAL PARK, Elin Pelin
GORNA MALINA INDUSTRIAL ZONE, Gorna Malina
INDUSTRIAL PARK - PETARCH, Petarch
STARA ZAGORA INDUSTRIAL ZONE, Elenino
INDUSTRIAL ZONE ZSK, Stara Zagora
TARGOVISHTE INDUSTRIAL ZONE, Targovishte
INDUSTRIAL ZONE VARNA - WEST, Devnya
FIRST INDUSTRIAL ZONE - AVREN, Avren
INDUSTRIAL ZONE VETRINO, Vetrino
SUVOROVO INDUSTRIAL ZONE, Suvorovo
VARNA WEST INDUSTRIAL ZONE, Varna
INDUSTRIAL ZONE - SOUTH, STRAZHITSA, Strazhitsa
SVISHTOV INDUSTRIAL ZONE, Svishtov
VRATZA INDUSTRIAL ZONE, Vratza
28
The building of Sofia
Commercial and Industrial Chamber
2 Slavianska Str., Sofia
built in 1914
The building of the BCCI
42 Parchevich Str., Sofia
Opened 1995
New building of the BCCI
9 Iskar Str., Sofia
Bulgarian Chamber of
Commerce and Industry
9 Iskar Str., 1058 Sofia, Bulgaria
Tel.: (+359 2) 8117 400
Fax: (+359 2) 987 32 09
Web site: www.bcci.bg
E-mail: bcci@bcci.bg